GBP/USD Analysis: UK and US Data Pose Risks This Week
We anticipate further losses for the GBP/USD pair this week, but we believe the decline will be limited to the 1.3036 support level.
USD/JPY Analysis: JPY Weak as Dollar Gains
At the start of this week, the Japanese yen dropped to 143.79 against the US dollar, halting its recent upward trend as the dollar strengthened amid ongoing uncertainty about the Federal Reserve’s upcoming interest rate cut.
EUR/USD Analysis: Faces Pressure Ahead of Key Data
The euro is expected to remain under pressure against the US dollar in the near term, but we anticipate volatility around the US inflation report on Wednesday and the European Central Bank's decision on Thursday.
Gold Analysis: Stable, Waits for New Signals
At the beginning of this week's trading, the gold price stabilized at $2500 per ounce, as markets traded around a range of interest rate cuts by the Federal Reserve this month following a mixed US jobs report.
USD/ZAR Forecast: Tests Key 18 Rand Level
The US dollar has rallied rather significantly against the South African Rand during the early hours on Monday to reach towards the 18 Rand level.
